Press Releases
June 27, 2019
Canopy Growth and Acreage Implement Previously Announced Plan of Arrangement
Smiths Falls, Ontario, Canada & New York, New York, USA — Acreage Holdings, Inc. (“Acreage”) (CSE:ACRG.U) (OTC: ACRGF) (FSE: 0ZV) and Canopy Growth Corporation (“Canopy Growth”) (TSX:WEED) (NYSE:CGC) (together, the “Companies”) are pleased to announce the implementation of Acreage’s previously announced arrangement under section 288 of the Business Corporations Act (British Columbia) with Canopy Growth (the “Arrangement”). Pursuant to the Arrangement, the Acreage articles have been amended to provide Canopy Growth with the option (the “Canopy Growth Call Option”) to acquire all of the issued and outstanding shares in the capital of Acreage (each, an “Acreage Share”), with a requirement…
June 26, 2019
Canopy Growth Announces Acquisition of KeyLeaf Life Sciences to Support Long-Term Major Scale Extraction Needs
SMITHS FALLS, ON—Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NYSE:CGC) is pleased to announce that it has completed a transaction to acquire Saskatoon-based bio-product extractor KeyLeaf Life Sciences (“KeyLeaf”), related entities, and intellectual property. Canopy Growth has been working closely with KeyLeaf – formerly known as POS Bio-Sciences – as a trusted partner building out extraction processes and technology for the past year as it refines its scale extraction model for Canadian and global markets. As previously disclosed, Canopy Growth assumed control of KeyLeaf for accounting purposes in November 2018. As such, KeyLeaf’s financial results were consolidated in…
June 24, 2019
Canopy Growth adds substantial production capacity in Canada after receiving licence for new outdoor site
Company Provides Update on Smiths Falls Campus SMITHS FALLS, ONTARIO — Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NYSE:CGC) is pleased to announce that it has received a new licence from Health Canada permitting it to grow cannabis at an outdoor site in northern Saskatchewan. Hours after receiving the licence, the first cannabis cuttings were planted at a 7 million sq. ft. (160 acres) secure cultivation field in the province, one that is patrolled by drones (kidding – no drones, promise.) The new licence expands Canopy Growth’s diversified Canadian footprint and complements its existing indoor and greenhouse facilities…
June 21, 2019
Tweed joins Pride Toronto to support progress, champion diversity and celebrate love
SMITHS FALLS, ON and TORONTO — Tweed, a proudly Canadian cannabis company, is once again participating in Pride celebrations across the country, all month long, and we can’t wait to share the love in communities large and small. On Sunday, June 23 we will be marching in Toronto’s famous Pride Parade and we are more excited than ever to be standing in solidarity to celebrate progress, fight stigma and build a more inclusive world for everyone. “A rich history of activism, advocacy and social awareness is built into Tweed’s DNA, and we are thrilled to lend our support to the…
June 21, 2019
Acreage Obtains Final Order for Plan of Arrangement with Canopy Growth and Confirms Record Date for Acreage Shareholders Entitled to Receive the Option Premium
Smiths Falls, Ontario, Canada & New York, New York, USA — Acreage Holdings, Inc. (“Acreage”) (CSE:ACGR.U) (OTC: ACRGF) (FSE: 0ZV) and Canopy Growth Corporation (“Canopy Growth”) (TSX:WEED) (NYSE:CGC)(together, the “Companies”) are pleased to announce that Acreage has obtained a final order from the Supreme Court of British Columbia approving the previously announced arrangement under section 288 of the Business Corporations Act (British Columbia) with Canopy Growth (the “Arrangement”). Pursuant to the Arrangement, the Articles of Acreage will be amended to provide Canopy Growth with the option (the “Canopy Growth Call Option”) to acquire all of the issued and outstanding shares…
June 19, 2019
Canopy Growth announces shareholder approval in connection with the proposed acquisition of Acreage & provides update on American hemp and CBD operations
SMITHS FALLS, ON— Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NYSE:CGC) is pleased to announce that, at a special meeting of the Company’s shareholders (the “Meeting”) held earlier today, the Company’s shareholders voted overwhelmingly in favour of the resolution (the “Canopy Shareholder Resolution”) approving the issuance of common shares of Canopy Growth and certain amendments to certain outstanding Company warrants in connection with the Company’s previously announced proposed acquisition (the “Transaction”) of Acreage Holdings, Inc. (“Acreage”). The Canopy Shareholder Resolution was approved by approximately 99.05% of votes cast by disinterested Canopy Growth shareholders either in person or represented…
June 17, 2019
Canopy Growth provides update on international operations and activities
Company enters multi-year agreement with Colombia-based Procaps to conduct advanced manufacturing in Latin America Spectrum Therapeutics receives new licences, certifications, and sales in international jurisdictions to advance Canopy Growth’s global leadership position and build new revenue markets Company Now Licensed for over 35 million Square Feet of Production across Europe, Africa and South America June 17, 2019 SMITHS FALLS, ON— Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX:WEED, NYSE:CGC) is pleased to highlight recent developments that are fueling its international progress in emerging medical cannabis and CBD markets. The Company’s global three-prong strategy includes a focus on building best-in-class…
June 14, 2019
Canopy Growth and Acreage Holdings Remind Shareholders to Vote FOR Canopy Growth’s Plan to Acquire Acreage
Shareholders are encouraged to vote before the deadline of 10:00 am (EST) on June 17, 2019 Canopy Growth’s brands, technology and know-how is anticipated to provide Acreage with a significant advantage in an increasingly competitive U.S. market and fuel Acreage’s growth. Acreage shareholders will benefit from Acreage’s ability to achieve its growth strategy with an anticipated reduced cost of capital based on Canopy Growth affiliation. Canopy Growth shareholders will benefit from accelerated and turnkey access to the U.S. cannabis market upon the closing of the Transaction. Management of both firms believe they will create greater shareholder value together than as…
June 5, 2019
Spectrum Therapeutics provides update on its global clinical research program and unveils pharmacovigilance program
SMITHS FALLS, ON – Spectrum Therapeutics (“Spectrum”), the medical division of Canopy Growth Corporation (TSX: WEED, NYSE: CGC) (the “Company” or “Canopy Growth”) is pleased to share an update on its efforts to develop and commercialize validated cannabis medicines through clinical trials. Demand for cannabinoid-based medicines is emerging around the world. With a highly experienced scientific team and the resources needed to conduct robust clinical trials, Spectrum Therapeutics is pursuing research to introduce products for the therapeutic areas of pain, mood and sleep and to gain access to new markets independent of medical cannabis laws. CLINICAL RESEARCH Spectrum Therapeutics is…
May 28, 2019
Canopy Growth Subsidiary and Canopy Rivers Portfolio Company Vert Mirabel Now Fully Licensed by Health Canada
Final 190,000 sq. ft. Greenhouse Licensed. Total of 700,000 sq. ft. of Production and Processing Infrastructure Now Fully Licensed Mirabel, Québec – Les Serres Vert Cannabis Inc. (“Vert Mirabel”), a subsidiary of Canopy Growth Corporation (TSX:WEED, NYSE:CGC) (“Canopy Growth”) and a portfolio company of Canopy Rivers Inc. (TSXV:RIV; OTC:CNPOF) (“Canopy Rivers”) has received its final cultivation licence from Health Canada. All 700,000 sq. ft. of operating space at Vert Mirabel is now licensed for cannabis production. Vert Mirabel was established in December 2017 between Canopy Growth, Canopy Rivers, and Les Serres Stéphane Bertrand (“Bertrand”). “We are thrilled that the operational…